Research Reveals How Political Memecoins Contribute to Investor Disillusionment
A recent survey by Chainplay and Storible revealed that nearly 80% of crypto investors purchased president-endorsed memecoins like CAR, LIBRA, and TRUMP. With 37% being first-time buyers drawn by political relevance and viral marketing.
However, 21% of these investors quit crypto after facing losses. Driven by the volatility and speculative nature of these coins. The study showed that two-thirds of memecoin investors are at a loss, with significant losses for TRUMP investors alone totaling $3.6 billion. Despite attracting mass participation, political memecoins have led to investor disillusionment, potentially hindering broader adoption and trust in digital assets.
Clever Robot News Desk 23th February 2025
